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| Name | Symbol | Market | Type |
|---|---|---|---|
| Tokio Marine Holdings Inc (PK) | USOTC:TKOMY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.25 | -0.64% | 39.12 | 38.82 | 39.53 | 39.51 | 39.07 | 39.51 | 43,582 | 21:04:04 |
From Jul 2019 to Jul 2024
TOKYO—Japan's Meiji Yasuda Life Insurance Co. said it agreed to buy StanCorp Financial Group Inc. for $5 billion, the latest in a series of acquisitions by Japanese firms abroad.
The purchase would be one of the largest for a Japanese insurance company. In June, Tokio Marine Holdings Inc. agreed to buy U.S.-based HCC Insurance Holdings Inc. for $7.5 billion.
Meiji Yasuda rival Dai-ichi Life Insurance Co. closed a deal earlier this year to acquire U.S. insurer Protective Life Corp. for $5.6 billion.
The board of Portland, Ore.-based StanCorp unanimously supported the deal with Meiji Yasuda, the Japanese life insurer said in a statement. The deal is still subject to regulatory approvals in the U.S. and Japan.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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